Standards Bodies Agree to Collaborate on Sustainability Disclosures
The IFRS Foundation and the Global Reporting Initiative hope the move will reduce the reporting burden for companies.
Members of the foundation and the initiative will join each other’s consultative bodies, and the International Sustainability Standards Board (ISSB) and the Global Sustainability Standards Board will coordinate their work programs and standard-setting activities.
The organizations said they hoped their coordination would reduce the reporting burden for companies while putting financial and sustainability reporting on an equal footing.